Gold price today August 4, 2025: Domestic and world gold prices increase to record breaking level, 100% consensus rate

Gold priceDomestic today 8/4/2025

As of 4:30 a.m. today, August 4, 2025, the domestic gold bar price was at 123.5 million VND/tael for sale. Specifically:

DOJI Group listed the price of SJC gold bars at 121.5-123.5 million VND/tael (buy - sell), the price remained unchanged compared to yesterday but increased by 1.9 million VND/tael in the buying direction - increased by 2.4 million VND/tael in the selling direction compared to the end of last week.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 121.5-123.5 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday, increasing 1.9 million VND/tael in buying direction - increasing 2.4 million VND/tael in selling direction compared to the closing price on July 27 of last week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 121.5-123.2 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged, compared to last week, the gold price increased by 1.3 million VND/tael for buying - increased by 2.2 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 121.5-123.5 million VND/tael (buy - sell), the price is unchanged compared to yesterday, increased by 1.9 million VND/tael in buying - increased by 2.4 million VND/tael in selling compared to the same period last week.

SJC gold price at Phu Quy is traded by businesses at 120.5-123.5 million VND/tael (buy - sell), gold price is unchanged compared to yesterday, gold price increased by 1.7 million VND/tael in buying direction - increased by 2.4 million VND/tael in selling direction compared to last week.

As of 4:30 a.m. on August 4, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 117.-119.5 million VND/tael (buy - sell); the price remained unchanged in both buying and selling directions compared to yesterday; the price increased by 1 million VND/tael in both buying and selling directions compared to the end of last week.

Bao Tin Minh Chau listed the price of gold rings at 117.2-120.2 million VND/tael (buy - sell); the price remained unchanged in both buying and selling directions compared to yesterday; increased by 1 million VND/tael in both buying and selling directions compared to the end of last week.

The latest gold price list today, August 4, 2025 is as follows:

World gold price today August 4, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. on August 4, Vietnam time, was 3,362.53 USD/ounce. Today's gold price increased by 29.82 USD/ounce compared to last week. Converted according to the USD exchange rate at Vietcombank (26,390 VND/USD), the world gold price is about 110.43 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 13.07 million VND/tael higher than the international gold price.

Gold prices have just had a strong week after two consecutive weeks of decline. Domestically, gold bars are approaching the record of VND124 million/tael set in April. Gold rings and 99.99% jewelry also increased by about VND2 million compared to last week. This increase stems from the breakthrough of world gold prices.

Specifically, the spot gold price is currently at 3,362.53 USD/ounce, up nearly 30 USD compared to last week. Meanwhile, the September 2025 gold futures contract on the Comex New York floor is trading around 3,376 USD/ounce.

The market has been volatile this week, falling as low as $3,267 an ounce before rebounding sharply in the final session. After a two-day meeting, the US Federal Reserve (Fed) decided to keep interest rates unchanged at 4.25-4.5%. Although the US economy has shown signs of slowing down, the labor market remains stable with low unemployment.

However, comments from Fed Chairman Jerome Powell temporarily sent gold prices tumbling. He said there would be no interest rate decision in September, sending gold prices plunging below $3,300 an ounce, its lowest level in four weeks. In just one hour, gold lost nearly 1% of its value.

On Friday, weaker-than-expected jobs data turned the market around. Gold jumped $30 in just two minutes after the report was released. Spot prices closed at $2,361.50 an ounce, up more than 2% on the day.

Another important factor supporting gold prices is the inflow of money into gold ETFs. A report from the World Gold Council shows that demand for these funds in the first half of 2025 was the highest since 2020. Although total holdings are still lower than in the previous period, this shows that there is still a lot of growth potential, even with gold prices near record levels.

Many experts believe that gold will continue to be a safe investment, especially when the US tariff policy causes a lot of uncertainty. Although the US has signed a trade agreement with Japan and Europe with an import tariff increase of 15%, some countries like Canada still face higher tariffs, up to 35% in August.

According to Chris Vecchio, an expert at Tastylive.com, gold can become an alternative neutral asset when confidence in the US dollar is weakened. In the context of global economic uncertainty, gold is considered a safer choice than other currencies.

Gold Price Forecast

Kitco’s survey shows that the majority of experts expect gold prices to continue rising. Of the 17 analysts participating, 100% predict that gold prices will not fall this week. This is a positive signal despite the market still having many unstable factors.

With support from monetary policy, slowing economic growth and trade risks, many analysts expect gold prices to surpass $3,400 and head towards higher levels such as $3,445, or even $3,500 before the end of 2025.

Naeem Aslam, chief investment officer at Zaye Capital Markets, said that if the Fed signals a rate cut, money will flow into gold, pushing the price above $3,400. In addition to favorable technical factors, he also pointed to rising interest rates from gold ETFs and expanding trading volumes, supporting the rally.

He also said many investors are preparing for a strong rally in the fall, when gold tends to rise. Although there may be short-term volatility, the long-term outlook for gold remains positive.

Adrian Day, President of Adrian Day Asset Management, predicts that gold prices will recover and increase sharply next week. The latest US employment report shows that the labor market is not really stable as stated by Fed Chairman Powell.

He said the Fed is counting on the labor market to delay a rate cut. However, weak data could force the Fed to cut rates sooner, possibly as early as September. Expectations for a Fed rate cut are rising even as inflation remains high, which is seen as a positive for gold, as low interest rates reduce the cost of holding the metal.

Gold is trending higher but needs more time to consolidate before breaking out strongly, said David Morrison, a market analyst. The weekend's gains were mainly due to the dollar's decline after a weak jobs report, which increased the possibility of the Fed cutting interest rates.

Technically, momentum indicators show that gold prices have corrected from overbought territory, opening up opportunities for further price increases in the coming period. This shows that the market still has a lot of potential for gold to continue growing.